At the beginning of 2007 (the year the iPhone was introduced). Apple's beta was 1.2 and the risk-free rate was about 3.7% Apple's price was $83.93. Apple's price at the end of 2007 was $196.03. If you estimate the market risk premium to have been 6.8%, did Apple's managers exceed their investors' required return as given by the CAPM? The expected return is 11.86 %. (Round to two dcimal places)

Using the data in the table to the night, calculate the dividend yield and your capital gain from investing in the stock from January 1 to December 31 Dividendo Date Jan 1 Feb 5 May 14 Aug 13 Nov 12 Dec 31 Price $33:35 $32 34 $20.37 $33.84 $36.64 $41.03 50.19 50.21 50.18 $0.22 Calculate the rolurn for each subperiod below. Round to five decimal places. Note: Input dividend yield and capital gain as decimal numbers) Date Dividend (5) Dividend Yield Capital Gain 019 Feb 5 May 14 Price (5) 32 34 29,37 33.84 021 0.18 Aug 13 Nov 12 35.54 0.22 Dec 13 41.03 0.00 The dividend yield will be (Round to two decimal places) The capital gain will be (Round to two decimal places.)